Our company has reviewed the utilities bills for our company. We have determined that the highest...
Our company has reviewed the utilities bills for our company. We have determined that the highest and lowest bills were $5,000 and $3,200 for the months of January and September. If we produced 1,050 and 600 units in these months, what was the variable cost per unit associated with the utilities bill? $4.00 $4.20 $4.30 $4.35
Homework Answers
Answer
- Working
|
Months |
Units |
Cost |
|
|
High Level |
Jan |
1,050 |
$ 5,000.00 |
|
Low Level |
Sept |
600 |
$ 3,200.00 |
|
Difference |
450 |
$ 1,800.00 |
- Answer
|
A |
Difference in Cost |
$ 1,800.00 |
|
B |
Difference in units |
450 |
|
C = A/B |
Variable cost per unit |
$ 4.00 |
- Correct Answer = Option #1: $ 4.00
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